Beginners in the stock market often face confusion in selecting the right stock broker for their trading and investment activities. If you are unable to decide which one to select out of Angel One and Zerodha, you need to go through this Angel One vs Zerodha comparison.

Angel One earlier known as Angel Broking was a full-service broker and has recently transformed into a hybrid broker whereas Zerodha is one of the best discount brokers in India. 

We have carried out a detailed comparison between the two brokers based on various parameters. Surely, this post will help you make a choice between Angel One and Zerodha to kickstart your trading journey. 

Angel One vs Zerodha Broker Comparison 

Is Zerodha better than Angel One? To answer this question, we need to carry out a detailed study on Angel One vs Zerodha. Apart from other things, the basic factor to decide this is a company background. 

Angel One came into existence in 1996 and now it is the largest retail broker in India. As of 2023, it is serving over 1.5 crore registered users due to which its market cap, revenue, and profit are booming continuously. 

On the other hand, Zerodha kickstarted its stockbroking journey in 2010. It became the first stockbroker to introduce discount broking in India. Now, it provides its services to 1Cr + clients on a daily basis. 

Looking at the above table, you would realize the pace at which both Angel One and Zerodha grow with time. The data shows both these stockbrokers are bootstrapped companies which means they don’t depend on funding from others. 

Zerodha earned a revenue of Rs. 6500 cr in the fiscal year 2023. Really, it is a huge jump of 38% from the year 2022. On the other hand, Angel One’s revenue stands at Rs. 3001 crore with a net profit of Rs. 890 crores. 

The above data shows both brokers are witnessing a great amount of profit with good growth in revenue. 

So, it is evident from the above information that Zerodha has surpassed Angel One in terms of revenue and profit. Hence, based on the profitability, Zerodha is the winner of the Angel One vs Zerodha battle. 

Let’s analyze in brief how these two stockbrokers differ from each other!

Information in the above table shows that Angel One is a full-service broker with 4.9 million active clients. On the other hand, Zerodha has a client base of 6.5 million. It implies more people trust Zerodha which is actively serving its clients since 2010.

Both stockbrokers offer a vast number of trading options to their customers. In terms of complaints, Angel One registered more complaints than Zerodha in 2023. 

Angel One has resolved 508 complaints out of the total of 587 received complaints. In the case of Zerodha, 244 out of 270 complaints were resolved. It implies that Zerodha provides more effective service to its customers than Angel One.

 

So, despite being a discount broker, Zerodha is better than Angel One on the criteria of receiving and resolving customer complaints.

Angel One vs Zerodha Charges 

Without discussing the charges levied by the two brokers, it is not possible for customers to reach a conclusion on Angel One vs Zerodha. 

Talking about Angel One, there are no charges levied on customers to open a demat account. Also, users need not pay any maintenance charge for the first year. However, AMC charges ₹20 on customers from 2nd year onwards. 

On the other hand, Zerodha account opening charges include ₹200 on equity currency and commodity trading segments. Also, there are ₹300 along with GST levied on users. 

Considering this, it is fine to say Angel One is a better choice than Zerodha, especially for beginners. 

Angel One vs Zerodha Brokerage Charges

Apart from the account opening fees, it is vital for users to consider the calculation of brokerage charges levied by both stockbrokers. 

To start the Angel One and Zerodha comparison on this aspect, we must tell you both of these brokers don’t charge any equity delivery fee. But for other trading segments, the fee varies. 

One thing that might fascinate Angel One users is it charges zero brokerage up to ₹500 for the first 30 days. After that, a flat fee of ₹20 or 0.03% per executed order will be levied. 

Whereas, Zerodha brokerage charges include a flat fee of ₹20 or a minimum of 0.03% per executed order. In the case of equity and commodity options, ₹20 is the fixed charge. Here is a detailed analysis of Angel One charges vs Zerodha charges:

It might seem to you that both Angel One and Zerodha charge almost the same fee. But you shouldn’t forget the minimum fee which could affect your overall charges over the long term. 

Let’s dig into this with an example:

Suppose you opt for a currency futures trade with total money of ₹60,000 on both stockbrokers. Then, you will have to pay the minimum brokerage as follows:

Angel One: ₹20

Zerodha: ₹30,000*0.03%= ₹9

Clearly, you can see that the brokerage charges are lesser in the case of Zerodha because you only need to pay the minimum 0.03% as a fee. However, for trading with big amounts, it won’t be of any significance. 

So, whether you should go for Angel One or Zerodha, depends on the amount you want to trade in the market. You can use the Angel One Brokerage Calculator and Zerodha brokerage calculator to know the exact charges levied by these brokers. 

Angel One vs Zerodha DP Charges

Considering the DP charges imposed by Angel One and Zerodha, the former levies ₹20 on company sell only in the case of equity. On Zerodha, the Depository Participant charges stands at ₹13.5+GST per scrip. So, Zerodha should be chosen over Angel One on this basis.

Angel One vs Zerodha Margin Facility Charges 

Traders don’t just focus on brokerage but they pay a lot of focus on the best margin facility available at brokers. If we do the Angel One vs Zerodha comparison on the basis of MTF, only the Angel One Platform offers this service to its clients. On the other hand, Zerodha doesn’t offer it at all.

Hence, if you want to opt for margin then you have only Angel One available for it out of these two brokers. However, you must consider the Angel One MTF charges before going for it.

Angel One vs Zerodha Trading Platforms 

Until now, we have found that Zerodha is better than Angel One on certain parameters. One important factor traders need to take into account is the easiness of trading using these stockbrokers.

The best way to judge it is by noticing the number of trading platforms they offer. Doing the Angel One vs Zerodha comparison on this basis shows the following results:

Angel One offers Super App for both iOS and Android mobile platforms. Also, it has a web app for traders and investors to carry out their operations seamlessly.

You shouldn’t forget the Angel One Speed Pro software for desktop trading and you don’t need to worry about Angel Speed Pro charges as it is free to use. 

In order to spread awareness about trading, Angel One runs the Smart Money app to help people gain knowledge about trading. 

On the other hand, Zerodha facilitates trading activities by presenting a variety of trading platforms. Users can utilize the Zerodha Kite app on Android and web platforms to trade seamlessly. 

It is laced with many amazing features that ensures a detailed analysis during trading. What makes Zerodha better in comparison to Angel One in this aspect is it offers a dedicated app, Zerodha Coin, for mutual fund investments. 

Similar to Angel One, Zerodha presents an educational app known as Zerodha Varsity to help every category of learners from beginners to pros. 

Besides this, gaining deep insights about stocks and obtaining an overall trade report are possible through Zerodha Console, a dashboard by Zerodha. 

Angel One vs Zerodha Algo Trading Platforms 

With the evolving technology, it has now become possible for traders to participate in algorithmic trading activities. Both Angel One and Zerodha offer algo trading platforms to users. 

Zerodha provides a wide range of APIs to help users participate in algo trading. Also, it has an in-built platform, Streak, to prepare and execute algo trading strategies for making profits. 

Similar to Zerodha, traders can also opt for Algo trading platforms on Angel One. SmartAPI is the one in this context and it is a bundle of APIs that facilitate users to utilize real-time market data for their trading activities.

Angel One vs Zerodha Research and Advisory 

Diving into the stock market world without prior knowledge about it seems daunting for beginners. That’s where the role of tips and recommendations related to stocks come into the picture. Now, you may ask which is best, Angel One or Zerodha, for offering the research and advisory services.

Speaking of Angel One, the full-service broker presents research reports related to the stock market. In fact, it is one of the best stock brokers for research,reports and tips in India. 

It suggests stocks after doing exhaustive fundamental and technical analysis. Clearly, using this research and advisory facility, users can easily make informed investment decisions. 

If we compare Angel One with Zerodha on this aspect, you must know that Zerodha would offer Stockreports+ before August 2022. However, it canceled its service in August 2022. 

However, Zerodha is in partnership with Tijori, a platform known for yielding detailed financial insights. Using this, traders can gain the right knowledge related to stocks and companies to make the right choice. 

So, if you lack the ability to make a detailed analysis of stocks, you can seek stock tips by making the choice out of the two brokers. 

Angel One vs Zerodha Account Features 

Since it is easy to open a demat account online on these two brokers, it becomes important to analyze which one of these two provides better account features. 

Angel One seems a better choice than Zerodha as it gives the facility of SMS alerts and a guest demo. You can open a trial account with Angel One to learn to trade without any money. 

On the other hand, Zerodha doesn’t offer end-of-the-day and intraday SMS notifications for trades. However, Zerodha users receive SMS notifications from exchanges.

Angel One vs Zerodha Customer Support

Choosing a stockbroker just on the basis of Angel One and Zerodha charges isn’t a wise step. It’s because traders or investors often face many complexities later on while using these apps. 

Under such circumstances, it becomes important to consider the options and effectiveness of customer support service offered by these brokers. 

Chatbox, phone call, offline and email are some of the options for customers to get support. Apart from other options, you can access chat support in Angel One. But Zerodha doesn’t offer chatbox/text support. 

However, the number of offices for offline support is more in Zerodha as it has over 75 offline offices to get the support. On the other hand, Angel One has around 50 offline branches in India. 

Which is Better: Zerodha or Angel One?

From the above Angel One vs Zerodha review, it is clear that the two brokers are good to go to open a Demat account. Now the question arises, “Which one to choose?” Simply put, it depends on the priority of traders and the kind of service they want.

Although zero demat account opening charges for Angel One may attract many users, it should not be the sole criterion for broker selection. As a trader, you need to consider other parameters as well to make an informed decision on this subject. 

To help you out, A Digital Blogger has given the ratings for Angel One and Zerodha by considering points like brokerage, research, features, customer service, etc. Going through this rating would help you select the right broker out of the two easily. 

Make a wise decision to choose the right broker out of Angel One and Zerodha.

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